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Just a hunch (and it will sound like major ramping) but I just get the feeling that BHP might be about to make an offer to us wee shareholders - unsolicited...
Two reasons.... 1. It might scupper what our BoD's are planning and force their had... eg upsets the comfy situation for Chinese and SOLG if two in talks etc.
2. Blackrock clearly sold heavily over last few months putting drag on sp and keeping it suppressed. Now they look like they have finished selling or are out... the sp seems like the shackles are off. In theory... BHP should attack now rather than wait later. Newmont issue might also be playing on their mind.
Sometimes going 'first' might be a smart move especially as we know Bob and co do not like BHP.
I doubt the offer will be north of 35p as BHP's plan will be to disrupt and we know there are plenty of flakes on here that would or have said they'll take 35p.
Let's see how it unfolds... but just a hunch... that's all. If I were BHP... I'd make a move now (assuming I'm keen on the asset).
Right over to the resident derampers to repost. Play the post and not the man. If you can lol!
should clarify that 35p would be deliberate low ball. End game should see double that Chinese and BHP go toe to toe. But no guarantees.
Metals seriously in favour and copper set to explode during next 36 months.
haha you really have nothing to do all day Fort or maybe you are paid to post here.
...................or.............
Barrick?
Z
dinnermoney, BHP have not bid so far so why should they then come up with a low bid just to force the hands of other players. They would only do that if they wanted to get rid of their holding for a decent price. the risk for them then would be that they could get lumbered with their low bid if no one else comes in.
Z, I wonder if WI had Barrick in mind when he talked about gold miners having to after copper/gold discoveries?
Correct Talatum , not only will BHP not bid, but they are on the other side of the equation and will potentially block bids.
The diverse book, is now more diverse and any bid that stands a chance of success, must have all the main holders on board and the biggest holder is Nick Mather.
As you know, I've always favoured Barrick....
"The diverse book, is now more diverse and any bid that stands a chance of success, must have all the main holders on board and the biggest holder is Nick Mather."
I look forward to the day where the diverse book theory, one of the wooliest theories to appear on this BB is finally put to bed.
The biggest holder is not Nick Mather. The biggest holder(s), according to the latest presentation, is the 23.7% held by Cornerstone and Maxit Capital. Then if we tally up DGR (Mather), Tenstar (also purportedly Mather) and Mather himself, we reach 13.8%. Followed by BHP and NCM on 10.4% and 10.3% respectively.
Given Mather's comments last year to DGR investors, where he stated that the aim was to sell the stake in SOLG, we can fairly assume that we now have 37.5% of the company (Cornerstone, Maxit + Mather's holdings) all pulling in the same direction. This makes the book LESS diverse, because there are now MORE shareholders pushing for the same outcome - a sale.
FWIW, I don't see why BHP would bid for SOLG now in order to interrupt the talks we may or may not be having with Jiangxi or other interested parties. If they have a price in mind that they are willing to pay, it would make more sense to bide their time, as they have done to date, and then counter any bid that SOLG's board recommend to shareholders that comes from Jiangxi / a third party. For Jiangxi, lodging a relatively low bid for the company seems like a no brainer. If it's countered by someone else, they've made a tidy return on a 9-12 month investment. If it isn't, they've picked up a Tier 1 for a very good price.
Nice to see us moving back towards a more acceptable share price. Now is the time to get this sold if there ever was one.
Hoping for a run into close today ,would be positive imho
What percentage of Solgold is in the hands of us (mere mortal ) joe public ?
thanks
Redknight has about 10% and rest of us about 5%
SharketMare Maxit and CGP are separate organisations.
Also CGP are made up of many investors.
If you were BHP and really wanted SOLG, would you just wait for Maxit to get it all tied up with Chinese or other parties involved? My point is, they can slam in a low ball at 35p or 40p and then SOLG have to come out and defend it. What if Maxit don't have an answer that makes some feel comfy? What If BHP's offer has timeline and SOLG are forced to tell shareholders to not take up the offer, but then quite a few doubt Maxit's ability and take BHP's offer. You can see the kind of disruption and head spinning/nervy stuff that can be generated. The Chinese and Maxit (if true) might not be ready to declare interests (eg trade deal not done yet etc etc.
I always look at these things as being a game of cat and mouse. Sometimes the inferior one (BHP v Chinese) has to try and catch the bigger one (chinese) off Guard.
If you look at it another way... what happens if BHP wait for Maxit to reveal Chinese deal. They either top that offer and get into bid war or they roll over and give in. What's the advantage in waiting? So perhaps the disruption route is their best chance and puts a cushion up to bobs bat? They might still lose out but at least they gave it a go.
josepi, the company states 36.6% of the shares are held by 'other' shareholders i.e us and the various funds with non-declarable stakes.
addicknt,
Thanks for the update . So Nick and crew own 37.5% we own 36.65........ in short collectively 2/3 of solgold.
This bodes well as the momentum builds for a takeover , at least the likes of BHP or NCM are not calling the shots at this stage.
BHP are not worried about Jiangxi's small stake in a small explorer, Fort. They don't spend as much time dreaming up hypothetical scenarios as you. They have a rather large mining business to attend to.
Despite what fort/red will imply (all day, every day, for years on end), no large company is going to be forced, tricked, rushed or cajoled into making an offer for solg.
One simple thought experiment to try: if any of fort's arguments hold water, wouldn't we have a TO bid from BHP by now? Alas, for many years, we haven't, which rather proves my point. Relax, wait it out, enjoy the rise. Don't believe the liars who promise an imminent sale.
needalife, good of you to display your ignorance so eloquently -read what I said. Suggest you consult the company's web site. Just for guidance, and you may not have noticed this, the share register has changed significantly in the past two years.
You've only been on here a few days and you've already taken the crown as the dimmest poster. Well done.
addicknt
Just add the tool to the list of green lines. I've got 5 on filter and for some reason I think a few of them are the same person... but who cares when they are in the bin!
Fort, I don't believe in filtering people - there's a good deal of entertainment to be had by not doing so.
https://www.bloomberg.com/news/articles/2023-03-15/bhp-risks-36-billion-bill-in-uk-lawsuit-over-dam-collapse
BHP ain’t splashing the cash for some time yet, less of all on expanding their portfolio!!!
Z
Give me the authoritarian Chinese,
over those woke BHP placesavers.
I know which one can get stuff built today! ( I want to sell, not build.)
I know which one has more money.
Imo, no bhp geo has the authority to tell a bhp ceo, that "we're simply spending billions on this!" They can buy big mid-sized, eg Oz, ...and number-bods can add it up. Cascabel is still a geological question, even after this many years.
Given BHP are currently in the process of buying OZ minerals for 9.6 billion AUD I would suggest you are somewhat wrong in your statement Zoros.
Bhp may stop short of further takeovers until dam matter is resolved and having just bough oz.
If the Supreme Court doesn't throw out the case against BHP (which I think it will) then it almost certainly will add in Vale which means 50% of the reported figure is gone straight away.
Then being somewhat realistic I don't see a English Civil court awarding 36 billion pounds. I mean the figure includes 12% interest every year since the accident happened. If they were to get anything more than 8% I'd eat my hat.
It's going to end up a figure significantly less than a year's profits and no doubt a lot of it will be covered by insurance.
Anyway I doubt BHP will bid for Solg either way but this court case won't impact on it.